Bleakley Financial Group LLC Makes New $111,000 Investment in Ring Energy, Inc. (NYSEAMERICAN:REI)

Bleakley Financial Group LLC acquired a new stake in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 75,713 shares of the company’s stock, valued at approximately $111,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Atria Wealth Solutions Inc. raised its position in Ring Energy by 31.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 18,800 shares of the company’s stock valued at $46,000 after buying an additional 4,500 shares during the last quarter. EPG Wealth Management LLC lifted its position in shares of Ring Energy by 29.0% in the fourth quarter. EPG Wealth Management LLC now owns 21,552 shares of the company’s stock worth $53,000 after purchasing an additional 4,840 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Ring Energy by 68.0% in the third quarter. Tower Research Capital LLC TRC now owns 15,244 shares of the company’s stock worth $36,000 after purchasing an additional 6,171 shares in the last quarter. UBS Group AG lifted its position in Ring Energy by 252.1% during the 1st quarter. UBS Group AG now owns 9,292 shares of the company’s stock worth $36,000 after buying an additional 6,653 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in Ring Energy by 16.0% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 49,460 shares of the company’s stock worth $96,000 after buying an additional 6,810 shares in the last quarter. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Ring Energy Price Performance

NYSEAMERICAN REI opened at $2.07 on Wednesday. Ring Energy, Inc. has a 12 month low of $1.25 and a 12 month high of $2.43. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.49 and a quick ratio of 0.44. The company has a market capitalization of $409.72 million, a PE ratio of 3.83 and a beta of 1.76.

Ring Energy (NYSEAMERICAN:REI) last issued its earnings results on Thursday, March 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The firm had revenue of $99.94 million during the quarter, compared to analyst estimates of $95.39 million. Ring Energy had a net margin of 29.04% and a return on equity of 12.48%. As a group, equities analysts expect that Ring Energy, Inc. will post 0.55 earnings per share for the current year.

Ring Energy Profile

Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.